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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.


TSX:FT - Post by User

Comment by redon Sep 21, 2022 7:53am
138 Views
Post# 34975746

RE:Investment in processing of rare earth elements in Sask.

RE:Investment in processing of rare earth elements in Sask.

Like usual, when it comes to mining some products and actually making things happen both at corporate and a government level, we take a lesson and a bit of a slap in the face from the Australians who work right under our noses and make things happen.

They simply make S-it happen, as a shareholder of Avalon, and while I wish Apache and vital great success,  it's disappointing to watch this unfold the way that it has as AVL could have done this for AVL shareholders in the same way. Yes AVL reaps benifits but the level of success is not at all the same.....Apache advances the small battles and makes financial sense of them as there is, like FT a mich bigger project looming......who knows where that goes. 

Also Deton Cho, the FN arm of the operation is dancing all the way to the bank having been a big part of the project ....yes sir Apache did it right and given the little battle they took on, and with their success would not surprise me that they are one of the first to tap into what the government may have coming out on RE, BMs and CMs. I hope our mgt has been following and taking notes.

we have some 130 plus million invested, ironically thats about the same amount that AVL had invested prior to Apache getting involved.

very different project than our Nico deposit but to me shows there is some benifit to stop and revisit our approach and if the big battle continues to look insurmountable ( or is it?) then let's look at some smaller options if there are any ...and shipping concentrates may be one of them ...oh I forgot we have a complex technical process...but again maybe that a problem better solved by others, all we can hope is that some serious considerations have been made as a fall back plan, November comes quick.

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